City council approves property tax rate

A public hearing was held during the Sept. 19 city council meeting to consider a new property tax rate. The proposed tax rate is 34.4783 cents per $100 of valuation. “The no new tax rate is the rate that it takes to get the same revenue that we had last year,” city manager Ed Thatcher said. The proposed tax rate is 1.55 cents less than the 2023 adopted rate. “It’s lower than last year’s rate,…